About this document
Consolidated Bank vs. Court of Appeals by RmLyn Mclnao is a document available to read on EtoBox.
The document discusses a case between Consolidated Bank and Trust Corporation and respondents Continental Cement Corporation and Gregory T. Lim regarding a letter of credit and trust receipt transaction. The main issues are whether the marginal deposit made by Continental Cement should be deducted from the amount of the letter of credit, and whether the agreement allowing the interest rate to float was valid. The court ruled that the marginal deposit should be deducted to avoid unjust enrichment, and that t
- Author
- RmLyn Mclnao
- Language
- EN